Wide area network person-to-person payment

According to the invention, transferring money using a computer network is disclosed. In one step, information is saved on credit received for a first user ( 110 ) in a stored value account on a server computer system ( 170 ). At the server computer system ( 170 ), a request from the first user ( 11...

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Bibliographische Detailangaben
Hauptverfasser: Baig, Aamer, Cowell, James, Karas, Peter, Neofytides, Cheryl, Golub, Matt, Yoder, James, Milberger, Susan, Sherrard, Jeff, Dunker, Amy, MacFarlane, Jackie, Platte, Eric, Abrahams, Susan
Format: Patent
Sprache:eng
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Beschreibung
Zusammenfassung:According to the invention, transferring money using a computer network is disclosed. In one step, information is saved on credit received for a first user ( 110 ) in a stored value account on a server computer system ( 170 ). At the server computer system ( 170 ), a request from the first user ( 110 ) to send money to a second user ( 130 ) based on the stored value account is received. An electronic notification is sent from the server computer ( 170 ) to the second user ( 130 ) to notify the second user ( 130 ) of the request. A debit in the stored value account of the first user ( 110 ) is created. The requested money is sent to the second user ( 130 ) upon a receipt of a request at the server computer ( 170 ) from the second user ( 130 ).